Topic: Germany Selling of 49,858 BTC Cost them Huge Profits - page 2. (Read 698 times)

I don't see how someone who bought bitcoin for let's say 10k and sold it for 90k is in a loss.  

Btw, Germany budget for 2024 is close to 500 billion euro, so I don't think that anyonne there missed some sleep due fact that if they waited longer, they could get few billion more. In the grand scheme of things, that amount means nothing to them.

You reckon right, them selling BTC worth more then $2 billion will definitely make BTC dump for temporarily and that's would not be a happy thing for us, I also think it's was better for the market that they sold early. And just like others pointed out I already knew that they confiscated these BTC from a film site (I knew the history) don't know why everyone commenting the same thing hehe.

Well, your point is good about the market timing maybe they might have already seen it coming as they are not that stupid they must have financial advisors to suggest them the best options. I just thought why they did not go after extra billions even if they are rich. But yeah profit is profit and they booked it good for them.

Ehh sad for them but happy for us no? I reckon them selling that much would've probably caused some waves. And I reckon they would've sold already when Bitcoin was at 60-70k ish anyway considering we were at that price point for quite a few months especially if they were already of the mindset to just sell it off.

And as others have pointed out, seems like the coins were just confiscated from somewhere. That's pretty much clean profit from them! I reckon they don't have any complaints for that. While sure, more profit is always better, profit IS still profit.

I leave this quote as a whole as it makes sense.

The law in Germany says that highly volatile assets resulting from confiscation have to be liquidated in order to prevent potential liquidation claims from going unmet because of value impairments. This applies to Bitcoin and while we here all agree that the chance for Bitcoin to go South long-term was very low, the law says that it is the government's obligation to liquidate those confiscated assets in a timely manner.

Now there still remain questions to be honest because that law doesn't make too much logical sense, but this is how a court spokesman explained to the press. It is somewhat comprehensible and I don't know whether they have now used separate funds to rebuy some of the Bitcoin. I guess so because otherwise they would practically not follow that law. I think they have made sure they now used a dedicated account belonging to the federal state of Sachsen. Still though, they have sold almost 50,000 Bitcoin, which is crazy as they did it shortly before the pump...

Ah I didnt know that they were buying back, thats interesting news.

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Also in German law, government agencies are not permitted to make profits from the proceeds of crime
and that is what those Bitcoin were, they were confiscated.

SO the German government had to sell those Bitcoin when they are available to do so, they were confiscated
in the first place so they are technically in profit anyway.

Even if they buy bitcoins for investment purposes to make a profit, there is nothing wrong with them selling bitcoins as long as they have made the profit they set out to make. It's their bitcoin and they have full control over it, we have no right to blame them.


Everyone has different goals and as long as they stick to their investment plan I don't think there is anything wrong with them regardless of what price they sell at. Like many of us, they all predict Bitcoin could hit $150k-180k in this bull cycle, but most plan to sell Bitcoin if the price hits $100k. So are they wrong and should we blame them?


Bitcoin can reach $1 million in the future and I believe you believe so too, right OP? I advise you not to sell Bitcoin during this bull run and hold until it reaches $1 million. What do you think? OP

Like I later learnt, there was actually no rush to sell, the German government's decision to sell those bitcoin at that time was based on what their law states that seized assets must be liquidated withing one year or less. So, we can't really blame them for taking that decision at that particular time, they only acted based on what their law states.

So, if actually they were going to change their minds to hold bitcoin for a longer period of time, then they would have had to first of all amend their laws to accommodate holding seized assets for a longer period of time before liquidating, since the bitcoin in question was (as we all know) seized and not purchased by the government.

That will be up to Germany because they have their own decision about when they want to sell Bitcoin. But if they can waits for some time and still hold until now, they will make bigger profit especially when they can sell at $93,000. They should know when they need to sell Bitcoin but not for all of their Bitcoin they had because they can still hold it and sell in the future. Holding Bitcoin will be good for them as they can have extra money as the profit.

We will not know what will be their plan and only can guess after we see what they do. But they are not lose at all because that Bitcoin is seized by them.

The reality is that all the bitcoin sellers must be in loss if not now then at least in next 4 years . We knew that they would be in a loss. I mean this is the 2024 - the halving year, we are not even at peak yet, we are talking about 93k as the peak when we are making these calculations and yet we are not really talking about the real return, we should be considering how this could be even more in the future as well.

Moreover, we are going to scale up with a lot more, like for example 200k isn't really out of question during this peak, but let's say that 180k is a bit more realistic, so double of what it is right now, and calculate how much that would make them profit and that is the most important part. That would have been about 7.5 billion dollars when they only made 2.5 billion, so they would have made 5 billion more money if that did that and we shouldn't really be considering that as a mistake, because they knew about the future of bitcoin and need to move on by justifying the decision of selling bitcoins.

Yep - they did it and nobody would stop them.
We are in for the most interesting period on the market itself, thus, we shouldn't mourn or trash talk the Germany for why it did so with its BTC - after all, it was seized.

Funny to say. Why would anyone of us be in confusion over an entity selling off their huge amount of Bitcoin as that of Germany when we know that FOMO is a reality to enthusiasts who are not emotionally fit to withstand a market Downtrend after just an Uptrend.

It is also unnecessary taking that Germans decision personal to ourselves because nomatter how good with are on holding our Bitcoin assets for a long time, there must become a day to sell off.
The goal is basically how we can make profits and not selling at lost.

Also, we need to understand that no holder can get to the peak of taking a maximum profit on Bitcoin in cordial to say that Bitcoin has reached it volatile elastic point.
We all must not sell at same price.
Perhaps, it is stated obvious that they have made a huge amount of profit even at their wells at $53K.

Remember we are potential to break ATHs in this season. That is to say even those would may sell at $90K are not selling at a maximum price because we are anticipating to hit not less than $120K ATH at the end of the bull-run.
So, don't get them blame over the sell at such rate. Although I can relate that if they have hole a bit long, they would had sold at higher price to make bigger profits.
But the fact remains that... They did not sold at lost because they account a huge amount of profit made.

Yep - it was done totally due to regulations.
They couldn't continue to hold these because they were confiscated.
Case closed.
 

Holding or selling these confiscated bitcoins and when do their sales are all big questions. It can relate to existing law in that nation, like after seizing bitcoin from criminals, how long will government need to finalize that case and will sale these bitcoins. I don't know about existing laws in the Germany on it, so I can not say, but it is possibly one of reasons.

Other reasons can be government didn't have belief that Bitcoin will rise more, so they went ahead and sold these coins at prices they saw as good.

Although those bitcoins are seized but they sold those coins at a relatively low price. If they had kept it for a while longer they could have made more money out of it. The point here is that they may not have trusted Bitcoin. They thought that the price of Bitcoin could fall further where they would have the potential to lose. But it is not that they do not expect more profit. I think in the future the government might change their mind about Bitcoin. If again when they buy bitcoins or in any way they own bitcoins they will try to hold them for a long time.

Everyone who sold Bitcoin even 1 month ago is now regretting. Last 30 days ago Bitcoin price was around $68,000 and in just one month the price per Bitcoin stood at $92,000. In the case of Bitcoin, it is definitely possible to get better returns if some one can hold it for a long term rather than a short term profit plan.

It is not their right and if the German government sells the Bitcoin at any price, they will not lose or regret, because the Bitcoin came from the confiscation of German and Polish citizens who were associated with a pirated movie website called ‘Movie2k‘. And I think if the Bitcoin belonged to the German government legally for investment purposes or something, I don’t think they would have sold it so quickly because the government is much smarter.

And according to the news the reason they sold it was for legal reasons and the authorities should not have waited for the price of Bitcoin to rise to sell it, they should have sold the asset as soon as possible. And besides, the funds from the sale of Bitcoin will remain withheld until the investigation is complete and cannot be considered as state revenue.

From this issue I do not see the government’s stupidity in selling Bitcoin too quickly or not understanding Bitcoin, and they did it because of the law.

They didn't see it as an opportunity to hold what was seized already - so they got rid of it.
Nothing more, nothing less.

Germany's decision to sell 49,858 BTC at $53K Which should probably around ($2.64B) instead of waiting for higher prices like our current ($90K+) kinda sparks debate. The fact is if you should calculate, the sale missed potential additional profits of about $1.84B. there are a couple of factors that affected the decision likely regulatory requirements, financial goals and market uncertainty.

The fact is even as a retail or individual HODLERs compare to governmental bodies too, Identifying optimal sell times can be quite challenging. The idea behind the motive probably could have been that if bitcoin are fallen below that price then it would be in much bigger losses that if they even bought the Bitcoin in the first place.

Yeah, that's what I agree on - it was done due to regulations, and they couldn't take a step left or right - thus, it was all made how it was made.

They seized these BTC - so they weren't losing anything, in fact.
And they wouldn't be able to do something else with them due to how they acquired them, probably. 

When they sold those Bitcoins, they clearly weren’t thinking about its potential future increase. They had to follow strict laws requiring seized assets to be liquidated promptly to avoid any depreciation in value. Currently, the country doesn’t buy Bitcoin at all. The only Bitcoins they’ve held are the ones they seized, and those were sold back when the price was still $53,000.